German economy treading water; ifo index slips in September

25 September 2023

 

ifo business climate index falls again in September, above expected figure; sentiment remains bleak, German economy treading water; current conditions index down, expectations index up; expectations index implies euro-zone GDP contraction of 2.6% in year to December. Following recessions in euro-zone economies in 2009/2010, the ifo Institute’s Business Climate Index largely ignored the European debt-crisis of 2010-2012, mostly posting average-to-elevated readings through to early-2020. However, the index was quick to...

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